CHL was incorporated in Belize in January 1987 as a general business corporation, and reincorporated in May 1990 as an international business company under the IBC Act. The liability of the members of CHL is limited. CHL is currently engaged in three service businesses - Facilities Services principally operating in the United States and the United Kingdom; Staffing Services operating in the United Kingdom, the Republic of Ireland and the United States; and Financial Services principally operating in Belize. CHL also continues to hold a significant equity investment in NUMAR. 7 -------------------------------------------------------------------------------- Table of Contents In January 2001, CHL acquired from Lord Ashcroft a 23.5 percent interest in Belize Telecommunications. At that time, the Company held a 27.6 percent equity investment in Belize Telecommunications.